Dodge Momentum Index Increases to Start 2021
Post date
February 12, 2021
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The Dodge Momentum Index increased 3.1% in January to 139.4 from the revised December reading of 135.2. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial component of the index moved 9.9% higher, offsetting an 11.7% decrease in the institutional component.
January’s increase marked the highest level in the index since the COVID-19 pandemic began.